High Speed Rail Coating Market Trends, Regulations And Competitive Landscape Outlook to 2024

High speed rail is one of the safest and fastest modes of transport, which runs at a speed of over 200 km per hour. Coatings applied on the surface of high speed rails for interior and exterior protection from weather are called high speed rail coatings. These coatings also impart additional properties such as high yield strength for functional as well as aesthetic appeal. The global high speed rail coating market can be segmented on the basis of type into 1-K, 2-K, water-borne, and solvent-borne. They are used for various applications such as steel component coating, exterior protection, aesthetic finishes, interior aluminum coatings, and underframe coatings. High speed rail coatings are manufactured from a wide range of resins such as acrylics, epoxy, fluoropolymers, plastisols, polyester, and polyurethanes.

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Global rise in demand for mass transportation can be attributed to the surge in investments in the expansion of railway networks across both developing and developed economies. High speed rails have the ability to cover long distances in very short time. Government initiatives to develop strong high-speed rail networks in various countries and make mass transits faster, safer, and efficient have opened up opportunities for the global high speed coatings market. However, a major restraining factor of the high speed rail coatings market are the growing environmental concerns pertaining to the volatile organic compounds content in coatings. Nevertheless, development of water borne type of coatings have aided the market significantly, as they emit very limited or no volatile organic compounds. Another challenge faced by the high speed rail coating market for the production of coatings is the volatile prices of raw material.

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Some of the key players in the high speed rail coating market include Akzo Nobel N.V, BASF SE, PPG Industries, Inc., The Valspar Corporation, Axalta Coating Systems, LLC, PSG Limited, GLS Coatings Ltd, Zytexx, The Sherwin-Williams Company, Fosroc, Henkel, Hollysys, and Siemens.

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